Method of auditing in conditions of martial law

• Authors: Olha Lubenchenko , Svitlana Shulga , Halyna Pavlova

Abstracts

EN

In the article there are considered methodical recommendations on the actions of auditors uring martial law. They relate to such stages of the audit as the preparatory phase, the planning phase, the task implementation and the final phase. The preparatory stage requires the identification of the client and the conclusion of an audit agreement. Under martial law, new risks are emerging, systematized by the authors and related to the identification of persons involved in terrorist activities and the proliferation of weapons of mass destruction. The systematization of risks and the use of IT technologies to identify and verify the client allows auditors, as specially designated entities of primary financial monitoring, to identify and freeze the assets of such persons in a timely manner and stop providing any services. At the client acceptance and assignment stage, auditors assess ethical threats. As a result, a working paper has been developed to assess ethical threats in the light of martial law. At the planning stage, special attention should be paid to reviewing risks, namely how military aggression affects the continuity of any business. Clarification of risk factors for termination allows you to plan audit procedures to gather audit evidence and further determine the auditor's opinion on continuity (opinion with an explanatory paragraph, opinion with a reservation, negative opinion, disclaimer of opinion). One of the effective procedures for collecting audit evidence at the stage of the task is inventory.

Keywords

EN

war; risk; business entities

• Publisher: Główny Urząd Statystyczny
• Journal: Statistics in Transition new series
• Year: 2023
• Volume: 24
• Issue: 1
• Pages: 89-103

Dates

published

2023

Contributors

author

Olha Lubenchenko

• National Academy of Statistics, Accounting and Audit

• https://orcid.org/0000000242098929

author

Svitlana Shulga

• National Academy of Statistics, Accounting and Audit

• https://orcid.org/0000000223962507

author

Halyna Pavlova

• Dnipro State Agrarianand Economic University

• https://orcid.org/0000000214007348

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Identifiers

DOI

10.59170/stattrans-2023-006

Biblioteka Nauki

10097041